MoneyHero Shares Slide 21% After Q3 Update Despite Revenue Gains, AI Progress

Overview

• Shares closed at $1.26, down 21.25%, reflecting investor doubts about a clear path to sustained profitability.
• Q3 revenue reached $21.1 million, up 17% from the prior quarter and 1% year over year.
• Operating expenses fell 13% to $23.9 million, and the adjusted EBITDA loss narrowed to $1.8 million, a 68% improvement from a year earlier.
• The company is concentrating on higher‑margin insurance and wealth products, now 23% of revenue, with AI programs such as Project Odyssey and the Car Insurance SaverBot lowering customer acquisition costs and improving approval quality.
• MoneyHero reported $27.9 million in cash with no significant debt, supporting continued investment in automation and product expansion.